MotorSports Emporium Settles Lawsuit; MSEP Obtains Exclusive Ownership Rights to GS610.com Web Site

SCOTTSDALE, Ariz.--June 30, 2006--MotorSports Emporium Inc. (OTCBB: MSEP) announced today a settlement agreement has been established between MSEP and Michael G. Wachholz.

David Keaveney, president and CEO of MotorSports Emporium, commented, "MSEP is pleased with the terms of the settlement. We gain ownership of the GS610.com domain for the duration of the License Agreement including sole and exclusive control over the GS610.com Web site. The license agreement remains in full force and effect. The settlement brings positive energy for us moving forward; we are glad it's behind us. We wish Mr. Wachholz the best in his endeavors."

Neither party admitted liability or wrongdoing. The terms of the settlement are confidential. The parties anticipate filing a stipulation for dismissal within 30 days.

About MotorSports Emporium Inc.

MotorSports Emporium Inc. is a fast-track motor sports company specializing in die cast collectible cars, motor sports-related collectibles, automotive and racing art, driver's signature apparel, performance brake fluid and car care products. Visit the corporate Web site and its divisions: www.motorsportsemporium.com and also www.scalecars.com, www.driversdigs.com, www.pitstopstudios.com, www.quadrigamotorsports.com and www.cleancarkit.com.